U.S. Consumer Credit Rises Slightly Less Than Expected In June

With a drop in revolving credit partly offsetting an increase in non-revolving credit, the Federal Reserve released a report on Wednesday showing that U.S. consumer credit rose by slightly less than expected in the month of June.The report said consumer credit increased by $13.8 billion in June following a downwardly revised $17.5 billion increase in May.Economists had expected credit to increase …